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Mw Solar Llc Secures Cad 50 Million Investment Commitment From Gem As Company Seeks To Go Public

Dec 29, 2021•over 3 years ago

Amount Raised

$50 Million

Delaware City

Description

MW Solar, LLC (MW Solar) is pleased to announce that it has signed an agreement ("Agreement") with GEM Global Yield LLC SCS ("GEM"), the Luxembourg-based private alternative investment group, to provide MW Solar with a share subscription facility of up to CAD 50 million for a 36-month term following a public listing. The share subscription facility will allow MW Solar to draw down funds by issuing shares of common stock to GEM. MW Solar will control the timing and the maximum size of such drawdowns and has no minimum drawdown obligation.

Company Information

Company

Mw Solar

Location

Delaware City, Delaware, United States

About

MW Solar, LLC (MW Solar) is pleased to announce that it has signed an agreement ("Agreement") with GEM Global Yield LLC SCS ("GEM"), the Luxembourg-based private alternative investment group, to provide MW Solar with a share subscription facility of up to CAD 50 million for a 36-month term following a public listing. About MW Solar MW Solar is developing a large-scale multi-location EV Charging network, under its ARC EV ChargingTM brand, with an established fuel distribution partner having over 1,200 service station locations on the East Coast of the United States, as well as travel plazas throughout the region. MW Solar has a unique business model in that it brings an entirely green energy solution to the EV Charging industry.

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